Code of Virginia § 59.1-505.11. Financing arrangements; effect on licensor's rights.
55 words·~1 min read·
/va/title-59-1/chapter-43/59-1-505-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The creation of a financier's interest does not place any obligations on or alter the rights of a licensor.
(b)A financier's interest does not attach to any intellectual property rights of the licensor unless the licensor expressly consents to such attachment in a license or another record.
2000, cc. 101 , 996 .